Time to buy Gold? My view Gold hasn't reached the support. I still expect price to drop a bit more and meet the support. From there we will make decision where price will go. A bounce up from the support, Gold will go up. If the support doesn't stand this time and Gold breaks to the downside, we will see a very strong bearish reaction and move to the downside, since the yellow metal had been held in this channel for long. Still, I strongly believe Gold will have difficulties breaking this support and a rise to the resistance is possible.
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Trade Smart!